Mc Leod, Edmonton - August 2026 Real Estate Report

Mc Leod, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a home in Mc Leod and you have not checked your HonestDoor Price lately, you are probably leaving money on the table. The city's assessment says one thing. The real market says something different - and the gap is worth knowing about.

The Vibe: What Is Actually Happening in Mc Leod Right Now

Mc Leod is a steady, no-drama neighbourhood. We are not seeing the wild swings that make headlines, but we are also not sitting still. Here is the honest breakdown for houses and condos.

Houses: Solid Ground, Real Momentum

If you have been watching the "For Sale" signs in Mc Leod, here is what is actually happening. Houses are moving, and they are moving fast.

• Average sale price: $397,750
• Average listing price this month: $539,900
• Price per square foot: $359
• Homes are selling at 98.54% of list price - buyers are close to full ask, but there is a small window to negotiate
• Average days on market: 14 days
• Predicted market value: $425,718
• 3-month moving average: $419,221 - values are climbing
• Rental yield: 5.78% - that is a strong return if you are thinking about holding
• Estimated monthly rent: $2,203
• Recent value change: up 2.84%

Fourteen days on market is quick. Compare that to York next door at 9 days, and yes, York is a touch faster - but Mc Leod's days-on-market rank is 13 out of 108 neighbourhoods in Edmonton. That puts us near the top of the city for speed. Homes here are not sitting.

The growth rank is where things get interesting. Mc Leod houses rank 25 out of 292 comparable neighbourhoods in Edmonton for growth. That is top-tier. We are outpacing neighbours like Casselman, York, and Kilkenny on growth rate, even though those areas carry higher price tags. Cheaper entry point, faster growth - that is a combination worth paying attention to.

Condos: A Different Story, But Still Competitive

Condos in Mc Leod are taking a bit of a breather. Values dipped slightly - down 0.39% recently - and the predicted market value of $202,600 is just below the 3-month moving average of $204,133. Not a freefall, just a pause.

• Average HonestDoor Price: $210,200 - up 3.75% from the previous period
• Predicted market value: $202,600
• Estimated monthly rent: $1,110
• Rental yield: 4.32% - moderate, but still positive
• Airbnb estimate: $55 per night
• Growth rank: 169 out of 302 - below average for Edmonton condos right now

Here is the upside for condo owners: Mc Leod condos are priced higher than every nearby neighbourhood. Casselman condos sit at $188,411 on average. York is at $170,049. Kilkenny is even lower. If you own a condo here, you are already ahead of your neighbours on value. The rental yield at 4.32% is not flashy, but it covers the basics and then some.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about government assessments - they are snapshots from the past. The city assessed the average Mc Leod home at $405,755. The HonestDoor Price right now is $426,661. That is a gap of over $20,000, and it represents 5.15% more value than what the city has on record.

Your tax assessment gets updated once a year, sometimes reflecting data that is 12 to 18 months old. The HonestDoor Price pulls from real-time market activity. It is the difference between what a bureaucrat calculated last winter and what a buyer would actually pay today.

For Mc Leod homeowners, that $20,000-plus gap is not just a number - it is equity you might not know you have. If you are refinancing, selling, or just trying to figure out where you stand, the HonestDoor Price is the real-world check you need.

The "So What?" - Thinking About Selling This Summer?

Summer is historically when buyers come out. Here is what the Mc Leod numbers are telling us right now.

• Houses are selling in 14 days on average - demand is real
• Buyers are paying 98.54% of list price - you are not going to get lowballed badly if you price it right
• Your growth rank of 25 out of 292 is a selling point - Mc Leod is outperforming most of the city
• 32 transactions happened in 2026 already, across 872 assessed properties - the market is active but not flooded
• Neighbourhood growth is 0.10% year over year - steady, not spectacular, but consistent

The honest take: if you are a house owner in Mc Leod thinking about selling this summer, the conditions are in your favour. Inventory is not overwhelming, buyers are paying close to ask, and your home has likely appreciated more than your last tax bill suggested. Price it based on the HonestDoor Price, not the assessment, and you will start the conversation in the right place.

For condo owners, patience is the play. Values are slightly off their recent peak, but you are still sitting above every comparable neighbourhood nearby. If you do not need to sell right now, holding through this soft patch makes sense.

Either way, the first step is knowing what your place is actually worth today - not what the city decided it was worth last year.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.